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Jan 18, 2013
01/13
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KQED
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you don't speak the language and you have cultural deficits. it is almost impossible to develop the contextual understanding that you need. you have to understand if you're trying to impact a society. >> in other news, the militants said they have executed a french hostage captured in 2009. french armed forces tried to rescue him last saturday but failed. they executed him on wednesday evening and they say he was probably killed during the rescue attempt. the country now has a steady government. the united states recognizes them for the first time in 20 years pillar in -- 20 years. lance armstrong has been stripped of his mettle. the committee acted after the governing body found him guilty of systematic doping and stripped them of seven wins. there is speculation as to whether he will lead men to open or apologize. extremists are gaining ground militarily and they're also winning popular support. it has become increasingly powerful. the free syrian army is living in kidnapping. they met one of the leaders of the front and found this exclusive
you don't speak the language and you have cultural deficits. it is almost impossible to develop the contextual understanding that you need. you have to understand if you're trying to impact a society. >> in other news, the militants said they have executed a french hostage captured in 2009. french armed forces tried to rescue him last saturday but failed. they executed him on wednesday evening and they say he was probably killed during the rescue attempt. the country now has a steady...
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Jan 16, 2013
01/13
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FOXNEWSW
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adopting this so-called public option would actually cut the deficit. that had me thinking -- remember that one with chevy chase, and new shimmer and floor wax and it was dessert topping. i tell you, the same shim never, what do you make of that? >> it also grows hair, that is important to me. >> neil: another public option, giving the government total control reduces all these redundant costs and everything is done, everything is saved, spending problem goes away and that addresses what the president has told at the white house, we don't have a spending problem. it's because of this healthcare problem. >> i mean this is so riddled with mistakes, it's hard to list them all. as you know and previous guest gary made clear, the problem is entitlement spending. if you add new entitlement, you have a bigger problem. it goes the wrong direction. insurance costs are high for two reasons. healthcare costs are high and insurance has to pay for operations on top of that and all obamacare did was add new regulations and insurance costs. it made the bill go up and
adopting this so-called public option would actually cut the deficit. that had me thinking -- remember that one with chevy chase, and new shimmer and floor wax and it was dessert topping. i tell you, the same shim never, what do you make of that? >> it also grows hair, that is important to me. >> neil: another public option, giving the government total control reduces all these redundant costs and everything is done, everything is saved, spending problem goes away and that addresses...
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Jan 16, 2013
01/13
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CNNW
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that's the deficit. the accumulated annual deficits or shortfalls plus interest make up the national debt. that's more than $16 trillion today. the debt had run up under republican and democratic presidents and congresses. both have had opportunities to tackle it, but it's never politically palatable. president obama formed this simpson/bowles commission, headed by simpson and erskin bowles to cut the debt by $4 trillion over 10 years. critics say president obama has all but ignored it. commission co-head simpson says the growing threat poses a major threat to the u.s. economy. >> where is the tipping point? i don't know where it is, but when it comes, going to be so swift and so savage. >> reporter: obama's plan proposes $360 billion in cuts to medicaid, medicare and other health programs over the next decade. but because costs in those programs are rising fast, the debt would be $6.4 trillion higher in 10 years. the president's budget also proposes cuts to discretionary and mandatory spending that woul
that's the deficit. the accumulated annual deficits or shortfalls plus interest make up the national debt. that's more than $16 trillion today. the debt had run up under republican and democratic presidents and congresses. both have had opportunities to tackle it, but it's never politically palatable. president obama formed this simpson/bowles commission, headed by simpson and erskin bowles to cut the debt by $4 trillion over 10 years. critics say president obama has all but ignored it....
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Jan 20, 2013
01/13
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FOXNEWS
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combines tough spending cuts with the balanced way to row deuce the deficit -- to reduce the deficit that, of course, includes revenue. includes asking the wealthiest americans in particular to pay their fair share. >> we have been on that issue and the republicans say that issue is behind us when it comes to taxs. >> take a look at what is in the package in terms of spending. additional savings from medicare and medicaid in it. savings from agricultural sub is sidis. the president already signed a trillion dollars of deficit reduction into law and committed to more spending cuts but we can't just cut our way to prosperity. we have toasting to invest in things like -- we have to continue to invest in things like education and energy. he put reducing the deficit in a balanced way to promote jobs for middle class families and that is going to be his guiding principle through the negotiations. >> i want to ask you quickly about the republican idea. would you support it but with the caveat they are telling the senate you haven't passed a budget in more than three years and you need to do
combines tough spending cuts with the balanced way to row deuce the deficit -- to reduce the deficit that, of course, includes revenue. includes asking the wealthiest americans in particular to pay their fair share. >> we have been on that issue and the republicans say that issue is behind us when it comes to taxs. >> take a look at what is in the package in terms of spending. additional savings from medicare and medicaid in it. savings from agricultural sub is sidis. the president...
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Jan 17, 2013
01/13
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WJZ
tv
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you don't speak the language and you have cultural deficits. it is almost impossible to develop the contextual understanding that you need. you have to understand if you're trying to impact a society. >> in other news, the militants said they have executed a french hostage captured in 2009. french armed forces tried to rescue him last saturday but failed. they executed him on wednesday evening and they say he was probably killed during the rescue attempt. the country now has a steady government. the united states recognizes them for the first time in 20 years pillar in -- 20 years. lance armstrong has been stripped of his mettle. the committee acted after the governing body found him guilty of systematic doping and stripped them of seven wins. there is speculation as to whether he will lead men to open or apologize. extremists are gaining ground militarily and they're also winning popular support. it has become increasingly powerful. the free syrian army is living in kidnapping. they met one of the leaders of the front and found this exclusive
you don't speak the language and you have cultural deficits. it is almost impossible to develop the contextual understanding that you need. you have to understand if you're trying to impact a society. >> in other news, the militants said they have executed a french hostage captured in 2009. french armed forces tried to rescue him last saturday but failed. they executed him on wednesday evening and they say he was probably killed during the rescue attempt. the country now has a steady...
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Jan 19, 2013
01/13
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FBC
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i do know we can eliminate the deficit simply slowing down government growth. we don't need to cut government. we simply need to slow it down. if we do that we'll eliminate the annual deficit. >> you hear the argument that is like throwing granny off a cliff. >> i don't think it is. i disagree with it. neil: do you feel attempted to go into politics? >> no. if i ever do i hope somebody talks me out of it. neil: some of the best ideas i ever heard, john are from guys like you. the whole process soils you, oh, my god, i can't deal with it, it is so stupid? >> it is difficult because i found in my own experience when you're very authentic and tell the truth and honest often times get attacked. you get smeared, you, very difficult. takes a lot of courage, i think to go into the political realm these days. neil: will be interesting. put it that way. john mackey. whole foods market cofounder, co-ceo. conscience capitalism. read it. thought to paper and thought that sticks in your head. all right. inauguration on monday. we are there. i'm there all day. we'll get ther
i do know we can eliminate the deficit simply slowing down government growth. we don't need to cut government. we simply need to slow it down. if we do that we'll eliminate the annual deficit. >> you hear the argument that is like throwing granny off a cliff. >> i don't think it is. i disagree with it. neil: do you feel attempted to go into politics? >> no. if i ever do i hope somebody talks me out of it. neil: some of the best ideas i ever heard, john are from guys like you....
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Jan 17, 2013
01/13
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FBC
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is for the two sides to get together to come up with a comprehensive debt and deficit reduction plan. the debt ceiling and all around it doesn't really solve the problem. it is a waste of time. adam: let me interrupt you because we have had this debt ceiling essentially part of our discussion for almost 100 years, going back to 1917 with the issue of liberty bonds. now today we talk about the debt ceiling and we talk about its impact, this debate for the people who are watching, and, getting to this craziness we see the market reacting in a way you can't anticipate. what would happen to our 401(k) if congress he said they have to get together, i was thinking two words, "good luck." whether they can't do something? >> if they don't raise the debt ceiling and let's say we get debt downgrades, the market has a fit basically and drops as they did in 2011, all our investments will get hit. the stock market will go down as it did in a big way in the summer of 2011. on the other hand, if they extend the limits, the debt ceiling limit and do something more, maybe not a grand compromise, somet
is for the two sides to get together to come up with a comprehensive debt and deficit reduction plan. the debt ceiling and all around it doesn't really solve the problem. it is a waste of time. adam: let me interrupt you because we have had this debt ceiling essentially part of our discussion for almost 100 years, going back to 1917 with the issue of liberty bonds. now today we talk about the debt ceiling and we talk about its impact, this debate for the people who are watching, and, getting to...
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Jan 15, 2013
01/13
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CNNW
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that's the smallest monthly deficit in five years. some of that is artificial. people pulling transactions forward because they were afraid of higher tax rates in 2013. but for the first three months of 2013, we have a rapidly shrinking fiscal 2013, we have a rapidly shrinking deficit. so we are in a way chasing a vanishing problem. >> which is interesting, and that would allow for some things that are dirty and things that are not so dirty, would completely perhaps get rid of this problem after a while. do you think we're headed for a full stalemate? >> it's such a shame. i think david is right because we have low debt service right now. we're paying less interest on our debt than we had in the reagan and bush administrations before because interest rates are so low. >> but they're going to go up one day. >> but not for several years. i'll say it, we should be borrowing more at 30-year, 3% terms, so we can invest in the long-term growth of this economy. this is not the time for further austerity and cuts. if we were even to consider that right now, it would be
that's the smallest monthly deficit in five years. some of that is artificial. people pulling transactions forward because they were afraid of higher tax rates in 2013. but for the first three months of 2013, we have a rapidly shrinking fiscal 2013, we have a rapidly shrinking deficit. so we are in a way chasing a vanishing problem. >> which is interesting, and that would allow for some things that are dirty and things that are not so dirty, would completely perhaps get rid of this...
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Jan 15, 2013
01/13
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CNNW
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because when interest rates go up, that means the deficit will go up. so we make the problem worse by taking this route if we go down this pathway. >> i want to throw three terms at you that we've had to stomach out in america. debate over the fiscal cliff, the debate over the debt ceiling and the budget show dunn. all three of these very serious. but which is the most serious. >> the debt ceiling could do damage to our countries for decades to come if we hit it and don't expect the problem. this is the most dangerous thing. this is almost a nuclear option. this is really playing with very dangerous things. and one little mistake could be devastating to our country. >> and yet you still come on day after day and smile with me. thank you. always good to see you. >>> by the way, i just want to remind you if you're doing the math, the treasury says it might come up short in its payments as soon as february 15th. ♪ [ male announcer ] some day, your life will flash before your eyes. make it worth watching. introducing the 2013 lexus ls. an entirely new pur
because when interest rates go up, that means the deficit will go up. so we make the problem worse by taking this route if we go down this pathway. >> i want to throw three terms at you that we've had to stomach out in america. debate over the fiscal cliff, the debate over the debt ceiling and the budget show dunn. all three of these very serious. but which is the most serious. >> the debt ceiling could do damage to our countries for decades to come if we hit it and don't expect the...
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Jan 19, 2013
01/13
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CNNW
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the deficit has got to be dealt with. debt has got to be dealt with. spending has got to be dealt with. we can't just continue raising the debt limit without there being a balancing of the budget, like we would all have to balance our budgets at home. and i think republicans are looking at what the plan is long-term. but it was a very good retreat for republicans. i saw a lot of unity that i didn't expect after all the drama we've seen. >> what drama?! come on. listen, we also want to talk about immigration. the president has certainly spent a lot of time talking about immigration and the dream act. i want you to listen to what he has said. >> so there's no reason that we can't come together and get this done. and as long as i'm president, i will not give up on this issue. not only because it's the right thing to do for our economy, and ceos agree with me, not just because it's the right thing to do for our security, but because it's the right thing to do, period. and i believe that eventually, enough republicans in congress will come around to that vi
the deficit has got to be dealt with. debt has got to be dealt with. spending has got to be dealt with. we can't just continue raising the debt limit without there being a balancing of the budget, like we would all have to balance our budgets at home. and i think republicans are looking at what the plan is long-term. but it was a very good retreat for republicans. i saw a lot of unity that i didn't expect after all the drama we've seen. >> what drama?! come on. listen, we also want to...
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Jan 14, 2013
01/13
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CNNW
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i think a lot of what they complain about with respect to us, for example, our large fiscal deficits, one example, i think it would be in our interest to deal with. similarly, a lot of what we complain about with respect to them, their export-driven strategy, the absence of domestic demand, it's critically important to have sustainable growth going forward to deal with that issue. so i think we have a common self interest in dealing with many of the issues that we complain to each other about. >> what should be the core elements of a u.s.-china relationship going forward? >> the core elements of a cooperative u.s.-chinese relationship is in many respects in the communique by presidents obama and jintao of china, itemizing and developing several ears to be koob rating because it sets a framework, a framework in which the word partnership is really given meaning and a framework for something unprecedented in the history of human affairs, namely, when two major powers arise, they almost never collide. for the first time in history, america and china have the opportunity to avoid that, to
i think a lot of what they complain about with respect to us, for example, our large fiscal deficits, one example, i think it would be in our interest to deal with. similarly, a lot of what we complain about with respect to them, their export-driven strategy, the absence of domestic demand, it's critically important to have sustainable growth going forward to deal with that issue. so i think we have a common self interest in dealing with many of the issues that we complain to each other about....
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Jan 14, 2013
01/13
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CNNW
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not when it comes to our nation's finances, but this trust deficit in washington. the republicans, you have the president, doing this, boom, and just how is this even going to play out over the next couple of weeks? >> well, you have the debt ceiling, which is the current fight. and what you have is confrontation, not conversation. how is it going to play out? again, the president believes he has the political high ground now and he believes he's -- he believes his position is right. that you don't want to negotiate over the debt ceiling, let's have a bigger conversation. the republicans, they control the house of representatives, they still have a decent chunk of votes, the democrats control the senate, they say no way, sir. and so you have this fight over the debt ceiling, but it is about bigger issues. the debt ceiling has nothing to do with immigration reform, nothing to do with the proposals on gun control, nothing to do with anything else the president might want to do in his second term, but guess what, it does affect the climate in washington. and the fact
not when it comes to our nation's finances, but this trust deficit in washington. the republicans, you have the president, doing this, boom, and just how is this even going to play out over the next couple of weeks? >> well, you have the debt ceiling, which is the current fight. and what you have is confrontation, not conversation. how is it going to play out? again, the president believes he has the political high ground now and he believes he's -- he believes his position is right. that...
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Jan 17, 2013
01/13
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. >> he called me and said mark, you know, you have to do this he said you were talking about deficit, government spending 1520 years ago when nobody was that much focused on it. they are now. here's a chance for you to take what you learned on the way up, what you learned on the way down, what you learned in congress before, what you learned in the governorship and apply it to what is really the debate of our time. >> you will remember his governorship, which was riddled with that story where he admitted an affair with a woman from argentina back in 2009. >>> look at this, unless you're a little claustrophobic. this oregon woman spent nearly four hours trapped in an eight-inch space between an apartment building and a 20-foot wall. this happened early wednesday morning in downtown portland. apparently she fell from a second floor smoking area and getting her out was not easy. firefighters had to cut through a section of wall and used air bags to widen the space. lieutenant rich chapman is the firefighter who pulled that woman out. >> we were assuring her we were doing everything to g
. >> he called me and said mark, you know, you have to do this he said you were talking about deficit, government spending 1520 years ago when nobody was that much focused on it. they are now. here's a chance for you to take what you learned on the way up, what you learned on the way down, what you learned in congress before, what you learned in the governorship and apply it to what is really the debate of our time. >> you will remember his governorship, which was riddled with that...
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Jan 17, 2013
01/13
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KCSMMHZ
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other hand, the council states the government needs to achieve the primary balance by reducing the deficit to half by fiscal 2015. but the draft fell short of setting a specific limit on the issuance of japanese government bonds to finance the budget, as the previous administration of the democratic party did. it only urges the government to keep bond issues to a minimum. >>> executives at struggling chipmaker renesas electronics say they need to slash their workforce even further. they're planning a 10% staff cut through a voluntary retirement program. renesas is one of the world's largest suppliers of microcontroller chips. managers told the company's labor union that they'll offer early retirement to about 3,000 employees aged 40 and older. the plan is part of restructuring efforts put in place after the company reached a deal on a rescue package with investors. the deal will allow renesas to receive about $2.3 billion from a state-backed fund and several business partners. the chipmaker cut 7,400 jobs through an early retirement program in october. >>> japan's nissan motor will slash d
other hand, the council states the government needs to achieve the primary balance by reducing the deficit to half by fiscal 2015. but the draft fell short of setting a specific limit on the issuance of japanese government bonds to finance the budget, as the previous administration of the democratic party did. it only urges the government to keep bond issues to a minimum. >>> executives at struggling chipmaker renesas electronics say they need to slash their workforce even further....
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Jan 16, 2013
01/13
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FBC
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the bigger issue is our deficits and debt. the fact that is more like thing from in the boiling water. it gradually undermines your economy's ability to perform, it hurts economic growth and takes away the stability that allows us to generate growth through investment, job creation, all the things we need to get the economy going. markets will not like to respond to that on any one day. it will hinder our economic performance. for now already hurting our standard of living and going to more in the future. that is a harder concern to see moment by moment but, it is the biggest in the long run. ashley: it is indeed. maya. thank you so much. we didn't have time to get into entitlement reform and reforming the tax code, two huge issues i know you're very hot on but remains to be seen. based on what we've seen so far in washington it will be a big, tall order. maya, thank you. tracy: coming up, speaking of the tax code, delayed tax season, well, starts two weeks from today. turbotax vice president bob meaghan is here with the bigge
the bigger issue is our deficits and debt. the fact that is more like thing from in the boiling water. it gradually undermines your economy's ability to perform, it hurts economic growth and takes away the stability that allows us to generate growth through investment, job creation, all the things we need to get the economy going. markets will not like to respond to that on any one day. it will hinder our economic performance. for now already hurting our standard of living and going to more in...
WHUT (Howard University Television)
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Jan 17, 2013
01/13
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WHUT
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eye 107
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other hand, the council states the government needs to achieve the primary balance by reducing the deficit to half by the fiscal year of 2015, but the draft did fall short of setting a specific limit on the issuance of government bonds to finance the budget as the previous administration turned democratic party did. it only urges the government to keep bond issues to a minimum. >>> well, executives at struggling chipmaker electronic says they need to slash the workforce further. they are planning a 10% staff cut through a voluntary retirement program. renesas is one of the largest suppliers of microcontroller chips. the managers told the company's labor union they will offer early retirement to about 3,000 employees aged 40 and older. the plan is part of restructuring efforts put in place after the company reached a deal on a rescue package with investors. the deal will allow renesas to receive $2.3 billion from the state-backed fund as well as several business partners. the chipmaker cut early retire, that was back in october. >>> japan's nissan motor will slash domestic prices on its ele
other hand, the council states the government needs to achieve the primary balance by reducing the deficit to half by the fiscal year of 2015, but the draft did fall short of setting a specific limit on the issuance of government bonds to finance the budget as the previous administration turned democratic party did. it only urges the government to keep bond issues to a minimum. >>> well, executives at struggling chipmaker electronic says they need to slash the workforce further. they...
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240
Jan 18, 2013
01/13
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CNBC
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that's $1.3 trillion deficit. you know, if the republicans want to save their house majority, they'd better cut spending like there's no tomorrow. we'll have a little debate on our budget priorities next up. almost tastes like one of jack's cereals. fiber one. uh, forgot jack's cereal. [ jack ] what's for breakfast? um... try the number one! yeah, this is pretty good. [ male announcer ] over a third of aer. fiber one. >>> welcome back. >>> welcome back. house budget committee chairman paul ryan announced today that republicans are putting a short-term debt ceiling hike on the table. short-term debt ceiling hike. but here's what i'm not hearing and what we should be hearing is an unambiguous plan to splash spending now. republicans need an absolute rock solid plan to implement the sequester which is $1.2 trillion over the next ten years. this is essential. not just to unite the republican conference. but more importantly, it's essential to helping the economy grow more rapidly. and if the republicans don't get it d
that's $1.3 trillion deficit. you know, if the republicans want to save their house majority, they'd better cut spending like there's no tomorrow. we'll have a little debate on our budget priorities next up. almost tastes like one of jack's cereals. fiber one. uh, forgot jack's cereal. [ jack ] what's for breakfast? um... try the number one! yeah, this is pretty good. [ male announcer ] over a third of aer. fiber one. >>> welcome back. >>> welcome back. house budget committee...
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Jan 15, 2013
01/13
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CNNW
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would surplus at sometimes but ordinarily deficits were small and manageable. what's different today we're not necessarily talking about funding or not borrowing for disaster, we're borrowing for everything else and that puts us in this new and frankly uncomfortable position. if we had taken care of our underlying financial and fiscal needs and paid for the operation of this government without borrowing huge sums of money we wouldn't have to have this conversation. we've undermined our own ability for our own people. imagine the united states of america being in the circumstance it is today we have to ask other countries to lend us money so we can take care of our own. that's an embarrassment to me. i'm not happy to be in this position. it's not because of what happened in sandy, it's because of what happened before we got to sandy. >> congressman mick mulvaney nice to talk to you. makes an excellent point at the same time. if you are a person affected by sandy many folks in our state of new jersey you hear that, this is closing the barn door after the horse ha
would surplus at sometimes but ordinarily deficits were small and manageable. what's different today we're not necessarily talking about funding or not borrowing for disaster, we're borrowing for everything else and that puts us in this new and frankly uncomfortable position. if we had taken care of our underlying financial and fiscal needs and paid for the operation of this government without borrowing huge sums of money we wouldn't have to have this conversation. we've undermined our own...
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Jan 19, 2013
01/13
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FOXNEWS
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eye 100
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he is going to have to talk about more deficit reduction. they will do a will little partying this weekend they real lives it's right back to work, bill. >> word of a solution to prevent the united states from defaultingen its debt. the house majority leader eric cantor saying that lawmakers will vote next week on a short-term plan to let the government borrow more money effectively raising the debt ceiling. the deal not all worked out just yet. but apparently it this will not require the spending cuts that house republicans had wanted. just released fox news poll finds that 69% favor raising the debt limit only if there are major spending cuts involved. and 23% say it's reckless not to raise it regardless. the poll also shows more than 8 in 10 think government spending is out of control. only 11% believes it's being managed carefully. mike immanuel tracking developments on the hill tonight. what's behind this house republican plan. >> bill, a lot of g.o.p. frustration has been based on the fact the senate has not passed a budget. so republi
he is going to have to talk about more deficit reduction. they will do a will little partying this weekend they real lives it's right back to work, bill. >> word of a solution to prevent the united states from defaultingen its debt. the house majority leader eric cantor saying that lawmakers will vote next week on a short-term plan to let the government borrow more money effectively raising the debt ceiling. the deal not all worked out just yet. but apparently it this will not require the...
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Jan 14, 2013
01/13
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KRON
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and ashley added to the deficit. it should not be surprising giving all this talk that washington is hurting rather than helping the country at the moment. they see our representatives and sound with partisan brinksmanship over paying our bills. they overwhelmingly want to focus on growing the economy and creating more jobs. let us finish this debate. give our businesses and the world of the certainty that our economy and reputation are still second to none. we pay our bills, we have all our business and we move on because america has a lot to do. we had to create more jobs and boost the wages of those who have worked. we have to reach for energy and independence we have didn't reach for our immigration system we have to give our children the best education possible and protect them from the horrors of gun violence. let me say i am grateful to vice-president joe biden for his work on this issue of gun violence and for his proposals which i will be reviewing today. i will address of the next few days. with that, i wil
and ashley added to the deficit. it should not be surprising giving all this talk that washington is hurting rather than helping the country at the moment. they see our representatives and sound with partisan brinksmanship over paying our bills. they overwhelmingly want to focus on growing the economy and creating more jobs. let us finish this debate. give our businesses and the world of the certainty that our economy and reputation are still second to none. we pay our bills, we have all our...
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Jan 17, 2013
01/13
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FOXNEWS
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>> let me just say that the president has already sign into law about $2.4 trillion worth of deficit reduction and three-quarters of that -- >> wars we stopped fighting, already factored in. >> a bunch of that is for spending cuts. not necessarily spending cults i really -- cuts i like but spending cuts nonetheless. >> you disagree with him when he says we don't have a spending problem? >> no. i think we do have certain things we can cut in spending, but in fact right now, i think the crisis we have right now is a jobs crisis. i think it's an income inequality crisis in our country. i think there's an investment crisis. we don't talk enough, neil, about the third leg of debt reduction, which is not only spending, not only raising revenue, but growth in the economy. and you know? this debt ceiling issue is just crazy. i stand -- >> was it crazy seven years ago when your democratic colleague voted against raising it? was it crazy then? >> well, except it wasn't real and this is real. the last final -- >> real is in the eye of the beholder. >> no, no. >> i guess it's -- >> it was more -
>> let me just say that the president has already sign into law about $2.4 trillion worth of deficit reduction and three-quarters of that -- >> wars we stopped fighting, already factored in. >> a bunch of that is for spending cuts. not necessarily spending cults i really -- cuts i like but spending cuts nonetheless. >> you disagree with him when he says we don't have a spending problem? >> no. i think we do have certain things we can cut in spending, but in fact...
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Jan 14, 2013
01/13
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number of people who say, well, he's got to get the fiscal house in order, he's got to deal with the deficit. why is that important? >> i think it's important to design a sound fiscal program that both contributes to job creation and recovery in the short term, i absolutely believe programs do that by creating confidence and creating fiscal room for a moderate stimulus. and also meets long term imperative for addressing what i believe is an unsustainable and dangerous fiscal trajectory. in order to put ourselves on a sound fiscal footing, we're going to have to have substantially more revenues and more revenues means higher taxes whether it's the tax rates or reduced deduction, one or the other, that clearly is going to be a cost absorbed by those who pay the taxes, there are going to have to be constraints on our programs. that's what you have to do if you're going to get on a sound fiscal path, the longer you wait, the deeper your whole gets the harder it is to retain confidence. >> it's time to redue the country's convoluted tax system. the u.s. tax code is now 73,000 pages long. paul o'n
number of people who say, well, he's got to get the fiscal house in order, he's got to deal with the deficit. why is that important? >> i think it's important to design a sound fiscal program that both contributes to job creation and recovery in the short term, i absolutely believe programs do that by creating confidence and creating fiscal room for a moderate stimulus. and also meets long term imperative for addressing what i believe is an unsustainable and dangerous fiscal trajectory....
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Jan 18, 2013
01/13
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mercer came up with similar results, 557 record billion dollars deficits in the s&p 1500. and what we're talking about is what's going to happen down the road. investors are going to see these weird bookkeeping charges that are just paper charges, not cash charges just yet meaning they are going to be tossing their own company stock in there to do whatever they can to pay for the returns that are underperforming in their pension plans. i have to tell you something, these companies, do you know who they are blaming? the federal reserve. they are blaming low interest rate policies for ruining their expected rates of return so when they don't come up with the returns they expected, they have these shortfalls, right liz? a little controversy going on. >> calpers is doing pretty darn well. that's a big pension. they have finally gotten back to where they were before the crisis. there's a lot of blaming going on. you look at the super smart money out there, somebody is doing well. >> the liability side of the balance sheet that's when you see the underfunding problems, that's wh
mercer came up with similar results, 557 record billion dollars deficits in the s&p 1500. and what we're talking about is what's going to happen down the road. investors are going to see these weird bookkeeping charges that are just paper charges, not cash charges just yet meaning they are going to be tossing their own company stock in there to do whatever they can to pay for the returns that are underperforming in their pension plans. i have to tell you something, these companies, do you...
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Jan 17, 2013
01/13
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reasonable leadership out of washington and deal with the debt issue and begin to deal with our fiscal deficits. >> right. >> i think, maria, you could see a real positive lift because people are ready to invest. they need to feel some kind of inspiration, and i think they are ready to invest. >> that's what we're hearing across the board. real quick, you going to raise your dividend this spring? >> well, as you know, we have to go through the process, and we have to wait to see what the fed says, but i'm optimistic. i can't speak for the fed but i'm personally optimistic. >> we'll leave it there. mr. king, good to have you on the program. >> have a good day. >> and to you. chairman and ceo of bb&t. didn't hold on to the triple-digit gains. does that mean we're setting up for a pullback tomorrow? our panel of wall street pros will give you a leg up on what's going to move your money tomorrow. don't miss it. ♪ ♪ [ male announcer ] you don't have to be a golf pro to walk like one. ♪ when you walk 10,000 steps a day, it's the same as walking a professional golf course. humana. health and wel
reasonable leadership out of washington and deal with the debt issue and begin to deal with our fiscal deficits. >> right. >> i think, maria, you could see a real positive lift because people are ready to invest. they need to feel some kind of inspiration, and i think they are ready to invest. >> that's what we're hearing across the board. real quick, you going to raise your dividend this spring? >> well, as you know, we have to go through the process, and we have to...
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Jan 17, 2013
01/13
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talking about debt, deficit, government spending, 15, 20 years ago when no one was much focused on it here is a chance to take what you learned on the way up, what you learned on the way down. what you learned in congress before, the governorship and apply it to the debate of our time. >>> piers morgan will have an exclusive interview at 10:00 p.m. eastern on cnn. >>> quint se conrad bain, the d different strokes, has died. only one surviving member, willis. >> such a great show. you think of all of the drama cast members had over the years. >> i don't remember. i don't think i was born then. >> that show was a long time ago. >> amazing. >>> still ahead this morning on "starting point," hottest pregnant sri lankan, hottest indian chick. just a document categories in the "qq" hottest women of the millennium issue. we'll talk about that straight ahead. >>> and the girlfriend of notre dame's linebacker manti te'o died, millions came to his side. it was all a hoax. it wasn't caught and why not? mark greenberg and mark schlerath will join me to talk about that, straight ahead. officeyour b
talking about debt, deficit, government spending, 15, 20 years ago when no one was much focused on it here is a chance to take what you learned on the way up, what you learned on the way down. what you learned in congress before, the governorship and apply it to the debate of our time. >>> piers morgan will have an exclusive interview at 10:00 p.m. eastern on cnn. >>> quint se conrad bain, the d different strokes, has died. only one surviving member, willis. >> such a...
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Jan 19, 2013
01/13
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the second thing is that goes hand in hand with the debt and the deficit. and while republicans love to think that obama's not focused on the debt and deficit, doesn't want to do anything about it, that is absolutely not the case. he has said from the very beginning that it is a big priority but that we need to do it in a balanced way so that we don't hurt those that are most vulnerable. the third is immigration. after this election, the latino community, the latino vote, big reason why this president was re-elected. he owes them that. it has been a priority for him. he is going to find a way to get it done. hopefully republicans understand if they want a chance to get to the white house any time in the next four years, eight years, a generation, they'll have to do something on immigration. >> all right. so, amy, maria's number three is your number one. which is immigration. number two is obama care. number three, mystery scandal. so, let's talk about immigration, first. though i'm dying to get to that scandal. >> good morning. it's so great to see that vie
the second thing is that goes hand in hand with the debt and the deficit. and while republicans love to think that obama's not focused on the debt and deficit, doesn't want to do anything about it, that is absolutely not the case. he has said from the very beginning that it is a big priority but that we need to do it in a balanced way so that we don't hurt those that are most vulnerable. the third is immigration. after this election, the latino community, the latino vote, big reason why this...
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Jan 15, 2013
01/13
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he said trimming the budget deficit should be a different discussion separate from the debt ceiling. >> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills, and we are not a deadbeat nation. >> clearly house speaker john boehner thinks differently. he responded by saying, quote, the american people do not support raising the debt ceiling without reducing government spending at the same time. >>> these pens are designed to be used only by one person, but an investigation discovered that many of them were used on multiple people. >>> are you in hawaii or going there anytime soon? surfers, beware. check out this video. it's a real-life jauss. two sharks were swimming dangerously close to the show. can you believe it? look at that. you could wade in and be bitten, eaten. last year there were a total of 11 shark attacks in hawaii. >> that's what i call dangerously close. >> oh, my goodness. >> so some people in the southeast waking up to the dual danger of flooding and ice. alexandra steele in the weather center. good morning. >
he said trimming the budget deficit should be a different discussion separate from the debt ceiling. >> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills, and we are not a deadbeat nation. >> clearly house speaker john boehner thinks differently. he responded by saying, quote, the american people do not support raising the debt ceiling without reducing government spending at the same time. >>> these pens are...
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Jan 18, 2013
01/13
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but deficit hawks insist a big deal, a so-called grand bargain is critical for jumping starting u.s. economic growth. >> we've got to reform the tax code and probably raise more revenues than we have and importantly we have to focus on controlling spending and reforming our entitlements which are right now unsustainable. delaying all of this is irresponsible. >> reporter: hard choices ahead whether the congress and the president can come together remains to be seen. christine romans, cnn, new york. >>> and, remember, you can catch a special inauguration coverage right here on cnn live coverage begins on sunday. continuing into monday. our mornings begin at 9:00 a.m. eastern. don't miss it. when you have diabetes... your doctor will say get smart about your weight. i tried weight loss plans... but their shakes aren't always made for people with diabetes. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. and they have six grams of sugars. with fifteen grams of protein to help manage hunger... look
but deficit hawks insist a big deal, a so-called grand bargain is critical for jumping starting u.s. economic growth. >> we've got to reform the tax code and probably raise more revenues than we have and importantly we have to focus on controlling spending and reforming our entitlements which are right now unsustainable. delaying all of this is irresponsible. >> reporter: hard choices ahead whether the congress and the president can come together remains to be seen. christine...
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i think it's something here because there is this deficit in russian society there are many poor people still here people have been pulled out of poverty yes but there are still huge divisions in this country that hinders an identity. issue we can help bring the country there's a lot of black holes throughout russia when we're basically talking all the time about moscow but russians are right very huge country peter and i have traveled russia a lot and we've seen these places you know. and they're kind of stuck with whatever moscow decides they're stuck with that decision so they don't really have a place in the entire nationalism of the country of that pride they hear what moscow is doing over there and they're kind of left over on the sidelines they need to be involved more. interesting is when i was in lot of a stock for apec and that was a very different russia. was really quite refreshing because it was very conservative out there very patriotic extremely patriotic i was really impressed and the amount of money they put into investing it and that was kind of a branding rebranding o
i think it's something here because there is this deficit in russian society there are many poor people still here people have been pulled out of poverty yes but there are still huge divisions in this country that hinders an identity. issue we can help bring the country there's a lot of black holes throughout russia when we're basically talking all the time about moscow but russians are right very huge country peter and i have traveled russia a lot and we've seen these places you know. and...
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Jan 18, 2013
01/13
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.$8 million deficit this city is running. when they filed for bankruptcy they had wanted to $50,000 in the citibank account. john: the politician said we did not see it coming. they owed 46 million with panetta thousand of the bank? >> they're required to put 1.8 million dollars per month into koppers. john: they tried to raise money through fees like expensive parking tickets. >> i paid $500. >> but he was going 90 in the school's own. john: with that does not cover the pension obligations. >> not sandy know, vallejo, a compton, a stockton or any of their city. they are failing. john: i hear there is more civil society? volunteers working in the animal shelter, park maintenance, a neighborhood watch is starting to blossom? >> bay plant their city back. they take it themselves. so the private solution is always better. john: that is where you go when the government spends of the many. next we take this problem and see what it does to the whole state. it is not pretty. you know how to mix business... with business. and you...r
.$8 million deficit this city is running. when they filed for bankruptcy they had wanted to $50,000 in the citibank account. john: the politician said we did not see it coming. they owed 46 million with panetta thousand of the bank? >> they're required to put 1.8 million dollars per month into koppers. john: they tried to raise money through fees like expensive parking tickets. >> i paid $500. >> but he was going 90 in the school's own. john: with that does not cover the...
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Jan 16, 2013
01/13
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the deficit is much greater. when i think of the ways and means committee, would change their has been in the composition. the ranking member at a time when i started went to the world bank. i worked with bill on trade. he was handling the tax material mainly. and bill was working on health care at the time. i think a second major change is very much effective today and affects us today. it is this change in composition of the republican party. i think it has moved very much more to the right. i think that makes it very difficult to handle the problems that we have before us. let me comment briefly on where we are. you offer the president yesterday. we have had spending cuts of a trillion and a half dollars. it comes from the budget control act. we have a trillion and a half of spending cuts. essentially in terms of deficit reduction, and has over 600 billion. the account interest, we have essentially of a deficit reduction of $2.5 trillion. the president set a goal of an additional $1 trillion in deficit reducti
the deficit is much greater. when i think of the ways and means committee, would change their has been in the composition. the ranking member at a time when i started went to the world bank. i worked with bill on trade. he was handling the tax material mainly. and bill was working on health care at the time. i think a second major change is very much effective today and affects us today. it is this change in composition of the republican party. i think it has moved very much more to the right....
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Jan 15, 2013
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extended deficit financing. the longer term problem is to a very large extent the product of key entitlement program that are an important part of the nation's safety net for the elderly. slowing the growth of spending in the nation's entitlement program help make programs secure for current and future workers, and we think that's very important. by 2035, there's only two workers per beneficiary, and a typical 65-year-old retiree, has a 50% longer retirement than occurred in 1995. this is a very serious issue. currently, the social security retirement is as a pay as you go system that provides more annual benefits than the payroll tax collects. if left alone, this eventually will need to insolvency, particularly with the rapidly increasing number of baby boomers who are retiring every day as was referred to by mya and louis. i don't have the programmatic expertise to suggest the right solutions, but it's important to analyze the acceptable message to assure that these programs can be available to future retirees
extended deficit financing. the longer term problem is to a very large extent the product of key entitlement program that are an important part of the nation's safety net for the elderly. slowing the growth of spending in the nation's entitlement program help make programs secure for current and future workers, and we think that's very important. by 2035, there's only two workers per beneficiary, and a typical 65-year-old retiree, has a 50% longer retirement than occurred in 1995. this is a...
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Jan 14, 2013
01/13
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the consensus is we need 4 trillion dollars to stabilize the debt, deficit. that means we need 1.5 trillion dollars more. the package i authorized to the speaker before the new year would achieve that. we were actually fairly close in terms of arriving at that number. so if the goal is to make sure we're being responsible about the debt and the deficit, it that if the conversation we're having, i am happy to have that conversation. by closing additional loopholes through tax reform, which the speaker has acknowledged can raise money in a sensible way, and by doing some additional cuts, including making sure we are reducing the health care spending, the main driver of the deficit, we can arrive at a package to get this thing done. i am happy to have that conversation. what i will not do is to have that that negotiation with a gun at the head of the american people, the threat that unless we get our way, unless you have medicare or medicaid or otherwise/things that the american people do not believe should be slashed that we will threatened to wreck the entire
the consensus is we need 4 trillion dollars to stabilize the debt, deficit. that means we need 1.5 trillion dollars more. the package i authorized to the speaker before the new year would achieve that. we were actually fairly close in terms of arriving at that number. so if the goal is to make sure we're being responsible about the debt and the deficit, it that if the conversation we're having, i am happy to have that conversation. by closing additional loopholes through tax reform, which the...
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Jan 16, 2013
01/13
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you can't solve the deficit problem and our debt ongoing unless we in fact reduce our spending. the math doesn't work. >> let me ask you this. if you get spending cut ideas, are you going to agree to more tax increases? >> i think that's the negotiation that needs to happen. >> you want to go for more tax increases after the tax increases that went through on the fiscal cliff? >> i think closing loopholes, i think there has to be revenue enhancement and closing loopholes, already raised the tax rates, but there's got to be some spending cuts to go along with it. i'm not going to give away the store unless we get something in return. >> you did that already. did you that already at the end of the year? >> i'm not in congress thankfully. i'm running a very fiscally prudent state that's well managed and lives within its means and saves money for a rainy day and is growing the economy to produce more growth money by expanding a healthy economy. washington would do a lot to listen and watch what we're doing in utah because we're doing it right. >> you sure r.governor, thanks very muc
you can't solve the deficit problem and our debt ongoing unless we in fact reduce our spending. the math doesn't work. >> let me ask you this. if you get spending cut ideas, are you going to agree to more tax increases? >> i think that's the negotiation that needs to happen. >> you want to go for more tax increases after the tax increases that went through on the fiscal cliff? >> i think closing loopholes, i think there has to be revenue enhancement and closing...
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Jan 20, 2013
01/13
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republicans worked with democrats to fix social security, bill clinton could look back and talk about the deficit reduction plan. other things they had done a little bit together. it's harder for president obama to do that because there's been so much polarization. >> polarization has been on both sides. it would be a good step for the president, i actually don't expect him to take it. to try to put that behind, to have at least a rhetorical frame for being more enveloping. obviously in the last few days, last week or so, he hasn't taken that tact. he's, he had his press conference about a week ago. he's had some, they've floated some stories about how they're going to have a more confrontational stand. and that seems to be the direction they're planning to take. nevertheless, at least if i were in their position, i would be saying, you need to rhetorically try to put that behind the country. if the opposition then doesn't take, reach out and pick up the mantle that you've offered to them, that's their problem. >> does the president have to refer to the bitterly divided country and congress? i me
republicans worked with democrats to fix social security, bill clinton could look back and talk about the deficit reduction plan. other things they had done a little bit together. it's harder for president obama to do that because there's been so much polarization. >> polarization has been on both sides. it would be a good step for the president, i actually don't expect him to take it. to try to put that behind, to have at least a rhetorical frame for being more enveloping. obviously in...
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Jan 16, 2013
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two months, three months, four months and more if need be when he wants to do big things on debt and deficit, big things on medicare, comprehensive immigration reform, and will be in a fight with republicans over that? this is going to be a test of how long the president is prepared to wage what -- to get hard stuff done to get an assault weapons ban, to get the magazine clips, universal background check is easier, but the president has to dig in and fight and it will be fascinating to watch. >> this is a statement we have gotten from the nra, national rifle association, part of the statement. we look forward to working with congress on a bipartisan basis to find real solutions to protecting america's most valuable asset, our children. attacking firearms and ignoring children is not a solution to the crisis we face as a nation, only honest, law abiding gun owners will be affected and our children will remain vulnerable to the inevitability of more tragedy. to the inevitability of more tragedy, john king, to the latter part of that statement, congress could enact everything that the president
two months, three months, four months and more if need be when he wants to do big things on debt and deficit, big things on medicare, comprehensive immigration reform, and will be in a fight with republicans over that? this is going to be a test of how long the president is prepared to wage what -- to get hard stuff done to get an assault weapons ban, to get the magazine clips, universal background check is easier, but the president has to dig in and fight and it will be fascinating to watch....
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Jan 21, 2013
01/13
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you can't solve the financial deficit until they solve the trust deficit. maybe it's hopeful idealism. but maybe they made a small down payment today. >> i with us also thinking as i was watching the president review the troops, and you heard leon panetta talk about the first lady and jill biden and how much they have done for their troops and their families. but i'm willing thinking coming into this next phase, this is going to be a president that could have some difficult relationships with generals. he has always been concerned about the generals and not being overtaken by them. and he has spoken an awful lot about that as presidents have to make their own decisions, not be led too much by the generals. i think the nomination of chuck hagel is somebody who was a sergeant, whom he believes comes at the pentagon from the view of the bottom of the ladder, not at the top of the ladder. and so i think you're going to have some real issues. >> general stanley mcchrystal wrote about that actually in his new book. he talked about the deficit of trust they had ea
you can't solve the financial deficit until they solve the trust deficit. maybe it's hopeful idealism. but maybe they made a small down payment today. >> i with us also thinking as i was watching the president review the troops, and you heard leon panetta talk about the first lady and jill biden and how much they have done for their troops and their families. but i'm willing thinking coming into this next phase, this is going to be a president that could have some difficult relationships...